Hasbro, Inc. (NASDAQ:HAS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Hasbro, Inc. (NASDAQ:HAS) have been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $109.4286.

Several equities research analysts have recently commented on the stock. Bank of America decreased their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Argus raised their price target on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. DA Davidson cut their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group decreased their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. lowered their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd.

Insider Buying and Selling at Hasbro

In other Hasbro news, CFO Gina Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the transaction, the chief financial officer owned 79,839 shares of the company’s stock, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $94.20, for a total value of $476,369.40. Following the completion of the transaction, the insider owned 37,486 shares of the company’s stock, valued at $3,531,181.20. This trade represents a 11.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 50,472 shares of company stock valued at $4,736,533 in the last ninety days. 0.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hasbro

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Hasbro during the 2nd quarter valued at approximately $2,204,689,000. Geode Capital Management LLC lifted its position in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after acquiring an additional 122,592 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Hasbro in the second quarter worth $289,258,000. Capital Research Global Investors grew its position in shares of Hasbro by 5.3% in the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock valued at $264,522,000 after purchasing an additional 162,354 shares in the last quarter. Finally, Amundi grew its position in shares of Hasbro by 21.1% in the first quarter. Amundi now owns 1,699,565 shares of the company’s stock valued at $159,079,000 after purchasing an additional 296,277 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.4%

NASDAQ HAS opened at $86.52 on Friday. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.50 and a beta of 0.47. Hasbro has a 52 week low of $69.50 and a 52 week high of $106.98. The business has a 50 day moving average price of $91.66 and a 200-day moving average price of $89.94. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $1.30 EPS. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities analysts expect that Hasbro will post 6.16 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is presently 50.36%.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company that develops, markets and licenses toys, games and related entertainment experiences. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Magic: The Gathering and Dungeons & Dragons. The company serves consumers through retail, e-commerce, digital gaming, licensing and entertainment channels.

Hasbro’s business includes consumer products, tabletop and digital gaming, and brand licensing.